Climate Change

In Vietnam, the Bank has a wide range of activities and investments underway, and these will be scaled up substantially in the coming years. Coordination with the Government and with other donors and NGOs is critical, as there are a large and diverse array of climate change studies and projects underway or planned in Vietnam.

In collaboration with many parties, the Bank has produced and maintained a simple matrix of climate change activities in Vietnam. Click here (XLS 538kb) for the latest version. The matrix includes brief information and links to further information on about 25 CC activities the Bank is involved with in Vietnam. Some of these are highlighted in the following sections.

The World Bank is already making investments that will help Vietnam respond and adapt to climate change - for example on disaster risk reduction, agricultural diversification, and infrastructure development.

On the mitigation side, we support investments to reduce the country’s footprint on the global climate commons through supporting renewable energy development, energy efficiency improvements, and improved forest management.

ADAPTATION TO CLIMATE CHANGE

Analytical Work

To date, our analytical work has focused on adaptation in rural and urban environments. Some examples of our current analytical work on CC are the following:

• Bank study from 2007 on Impact of sea level rise (SLR) on developing countries, including Vietnam
• Economics of Adaptation to Climate Change (EACC) global study including Vietnam-specific country sector studies on agriculture/water, coastal infrastructure (ports), forestry, fisheries and social
• EACC is also working on a Computable Generalized Equilibrium (CGE) model of the economy trying to understand cross-sectoral macroeconomic impacts that could result from climate change
• Economic and Sector Analysis for Agriculture, Rural Development, and Natural Resources Management in Vietnam in 2009 and 2010: ongoing work under the Rural Development Team AAA includes CC issues.
• Various studies related to natural disaster risk mitigation and climate change funded by the Global Facility for Disaster Risk Reduction (GFDRR)
• Climate Resilient Cities (Primer)

Project Investments

• Climate change triggerred in PRSC8 has allowed policy dialogue on economy-wide issues related to climate change 
• Coastal Wetlands Protection and Development (P42568)
• Natural Disasters Risk Management Project (P073361)

MITIGATION OF CLIMATE CHANGE

To mitigate future climate change requires reducing emissions of greenhouse gases or storing (sequestering) excess carbon. Mitigation activities are not as important as adaptation activities for the Government of Vietnam given its high vulnerability to the impacts of climate change and the fact that the country is a relatively small contributor of greenhouse gases. That being said, for a developing country like Vietnam there are actually substantial benefits that can accrue by undertaking mitigation actions. Mitigation investments can generate a financial flow from developed countries who can choose to pay for mitigation efforts in Vietnam in order to meet their own abatement targets. The inflow of technology as part of converting the economy to a lower carbon growth track can also yield benefits both economically and technologically.

Analytical Work

• Carbon Finance Assist study on Carbon Financing options for Vietnam (being completed)
• Renewable Energy Action Plan ESMAP of 2002
• CDM (Clean Development Mechanism) study in 2005

Project Investments

• Renewable Energy (P103238) ($240 million)
• Systems Efficiency Improvement, Equitization and Renewable (P066396) ($348 million)
• SEIER GEF Project (P073778) ($4.5 million)
• DSM and Energy Efficiency GEF (P071019) ($18 million)
• GEF Rural Energy II (P080074) ($5.2 million)
• CFC and methyl bromide phase out projects under MP (although ODS projects, these are also greenhouse gases) (P083593) ($1.5 million)
• Livestock Waste Management in East Asia (P079610)
• Hanoi Urban Transport GEF (P085393) ($10 million)

See more related contents:

Technical Brief: 

1. Carbon Emissions from Transport Sector in Vietnam Remain High
2. Climate-Resilient Development in Vietnam: Strategic Directions for the World Bank